CM-2018-1998 - 12/20/2018PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI. SRA
Eli Hansiik. MAI
Chris Hornsby MAi
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
Matthew Cox, State Certified Appraiser
December 13, 2018:
City of Round Rock
c!o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Kimberly Garvey, Appraiser Trainee
Justin Sims, Appraiser Trainee
Jason Thomas, Appraiser Trainee
Caltlin Warren, Appraiser Trainee
Jake Kane, Analyst
Terri Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating to a partial acquisition out of a tract of land improved
with two single family residences and attendant site improvements located at 1525 Sam Bass
Road, Round Rock, Texas 78681.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
A tract of land improved with two single
family residences and attendant site
improvements located at 1525 Sam Bass
Road, Round Rock, Texas 78681.
To estimate the market value of the fee
simple interest in the subject property and
determine just and adequate compensation
for the partial acquisition as of the date of
inspection.
7600 N. Capital of Texas hli6h%vay • Building B, Suite 210 • Austin, Texas 78731 • 512-477-631 1 •
(Fax)512-477-1793
CM-- 20((P -199d
Use of the Report: Establishing a basis for partial acquisition of
the property.
Appraisal & Reporting Standards: The appraisal will be developed and the
report will be prepared in conformity with
and subject to the requirements of the
Uniform Standards of Professional
Appraisal Practice (USPAP) of the
Appraisal Foundation and the Code of
Professional Ethics and the Standards of
Professional Appraisal Practice of the
Appraisal Institute.
The results of our analysis will be set forth
in an Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $6,500, payable upon delivery of the report.
All time spent subsequent to the initial
appraisals, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul Hornsby: $415/hour
MAI Staff Appraisers: $3l0/hour
State Certified Appraisers: $205, -hour
Land Planning: $210/hour
Research Staff: $160/hour
Administrative Staff. $80/hour
Information Necessary to -Survey
Complete the Assignment -Title commitment
(as available): -Any offers to buy or sell the property
within the last three years
Completion: Estimated at 45 days from your written
authorization to proceed.
If these terms are acceptable, please indicate by executing this agreement and returning one copy
to me. I look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
paa
Paul Hornsby, MAI, SRA
Accepted:
1,,'f -
[date
City of Round Rock
4By:aurie Hid ey, City anager
City of Round Rock
ROUND ROCK
TEx : Agenda Item Summary
Agenda Number:
Title: Consider executing a letter agreement with Paul Hornsby & Co. to provide
appraisal services in connection with the acquisition of a portion of the
property located at 1523 Sam Bass Road, and required for the future
Deepwood Drive right of way arterial corridor.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 12/21/2018
Dept Director: Gary Hudder
Cost: $6,500.00
Indexes:
Attachments: 00415094.PDF, 00415095.PDF
Department: Transportation Department
Text of Legislative File CM -2018-1998
The acquisition of this property was requested by the Transportation Department after it was
determined that the property owner was willing to enter into a voluntary sale of the future
required r.o.w. in connection with their overall site development approvals.
Cost: $6,500
Source of Funds: Johnson Flats ROW
City of Raund Rock Page 1 Printed on IVIS12018